XML 77 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2012
Long-term Debt, Unclassified [Abstract]  
Long-term Debt Outstanding
Maturity
Year
 
Description
 
Interest
Rate
 
2012
 
2011
2012
 
Secured Medium-Term Notes
 
7.37%
 
$

 
$
7,000

2013
 
First Mortgage Bonds
 
1.68%
 
50,000

 
50,000

2018
 
First Mortgage Bonds
 
5.95%
 
250,000

 
250,000

2018
 
Secured Medium-Term Notes
 
7.39%-7.45%
 
22,500

 
22,500

2019
 
First Mortgage Bonds
 
5.45%
 
90,000

 
90,000

2020
 
First Mortgage Bonds
 
3.89%
 
52,000

 
52,000

2022
 
First Mortgage Bonds
 
5.13%
 
250,000

 
250,000

2023
 
Secured Medium-Term Notes
 
7.18%-7.54%
 
13,500

 
13,500

2028
 
Secured Medium-Term Notes
 
6.37%
 
25,000

 
25,000

2032
 
Secured Pollution Control Bonds (1)
 
(1)
 
66,700

 
66,700

2034
 
Secured Pollution Control Bonds (2)
 
(2)
 
17,000

 
17,000

2035
 
First Mortgage Bonds
 
6.25%
 
150,000

 
150,000

2037
 
First Mortgage Bonds
 
5.70%
 
150,000

 
150,000

2040
 
First Mortgage Bonds
 
5.55%
 
35,000

 
35,000

2041
 
First Mortgage Bonds
 
4.45%
 
85,000

 
85,000

2047
 
First Mortgage Bonds (3)
 
4.23%
 
80,000

 

 
 
Total secured long-term debt
 
 
 
1,336,700

 
1,263,700

2023
 
Unsecured Pollution Control Bonds
 
6.00%
 

 
4,100

 
 
Other long-term debt and capital leases
 
 
 
5,092

 
5,455

 
 
Settled interest rate swaps
 
 
 
(27,900
)
 
(10,629
)
 
 
Unamortized debt discount
 
 
 
(1,453
)
 
(1,626
)
 
 
Total
 
 
 
1,312,439

 
1,261,000

 
 
Secured Pollution Control Bonds held by Avista Corporation (1) (2)
 
 
 
(83,700
)
 
(83,700
)
 
 
Current portion of long-term debt
 
 
 
(50,372
)
 
(7,474
)
 
 
Total long-term debt
 
 
 
$
1,178,367

 
$
1,169,826

 
(1)
In December 2010, $66.7 million of the City of Forsyth, Montana Pollution Control Revenue Refunding Bonds (Avista Corporation Colstrip Project) due 2032, which had been held by Avista Corp. since 2008, were refunded by a new bond issue (Series 2010A). The new bonds were not offered to the public and were purchased by Avista Corp. due to market conditions. The Company expects that at a later date, subject to market conditions, these bonds may be remarketed to unaffiliated investors. So long as Avista Corp. is the holder of these bonds, the bonds will not be reflected as an asset or a liability on Avista Corp.'s Consolidated Balance Sheet.
(2)
In December 2010, $17.0 million of the City of Forsyth, Montana Pollution Control Revenue Refunding Bonds, (Avista Corporation Colstrip Project) due 2034, which had been held by Avista Corp. since 2009, were refunded by a new bond issue (Series 2010B). The new bonds were not offered to the public and were purchased by Avista Corp. due to market conditions. The Company expects that at a later date, subject to market conditions, the bonds may be remarketed to unaffiliated investors. So long as Avista Corp. is the holder of these bonds, the bonds will not be reflected as an asset or a liability on Avista Corp.'s Consolidated Balance Sheet.
(3)
In November 2012, the Company issued $80.0 million of 4.23 percent First Mortgage Bonds due in 2047.
Long-term Debt Maturities
 
2013
 
2014
 
2015
 
2016
 
2017
 
Thereafter
 
Total
Debt maturities
$
50,000

 
$

 
$

 
$

 
$

 
$
1,254,547

 
$
1,304,547

Nonrecourse Long-term Debt Maturities
 
2013
 
2014
 
2015
 
2016
 
Total
Debt maturities
$
14,965

 
$
16,407

 
$
1,431

 
$

 
$
32,803